CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its position in CBRE Group, Inc. (NYSE:CBRE) by 6.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,111,813 shares of the financial services provider’s stock after purchasing an additional 66,900 shares during the quarter. Canada Pension Plan Investment Board owned about 0.36% of CBRE Group worth $99,074,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. lifted its stake in shares of CBRE Group by 190.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after buying an additional 215 shares during the period. Ieq Capital LLC lifted its stake in shares of CBRE Group by 12.2% during the 2nd quarter. Ieq Capital LLC now owns 28,775 shares of the financial services provider’s stock worth $2,564,000 after purchasing an additional 3,126 shares during the period. Brighton Jones LLC boosted its holdings in shares of CBRE Group by 4.6% during the second quarter. Brighton Jones LLC now owns 3,422 shares of the financial services provider’s stock worth $305,000 after purchasing an additional 150 shares during the last quarter. Intech Investment Management LLC grew its position in shares of CBRE Group by 496.4% in the second quarter. Intech Investment Management LLC now owns 83,264 shares of the financial services provider’s stock valued at $7,420,000 after purchasing an additional 69,303 shares during the period. Finally, MQS Management LLC increased its stake in CBRE Group by 71.2% in the second quarter. MQS Management LLC now owns 4,291 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 1,785 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CBRE. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Evercore ISI upgraded shares of CBRE Group from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $100.00 to $123.00 in a report on Friday, July 26th. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. UBS Group lowered their price objective on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Finally, Morgan Stanley began coverage on CBRE Group in a research report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group has an average rating of “Moderate Buy” and a consensus target price of $112.33.

CBRE Group Stock Down 0.7 %

Shares of NYSE CBRE opened at $121.60 on Friday. The stock has a fifty day moving average price of $111.03 and a 200 day moving average price of $97.27. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. CBRE Group, Inc. has a 12-month low of $64.63 and a 12-month high of $122.59. The company has a market cap of $37.31 billion, a P/E ratio of 37.88 and a beta of 1.40.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.69 by $0.12. The business had revenue of $8.39 billion for the quarter, compared to the consensus estimate of $8.31 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The company’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. Research analysts anticipate that CBRE Group, Inc. will post 4.81 EPS for the current fiscal year.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 3,311 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $108.89, for a total value of $360,534.79. Following the transaction, the chief financial officer now owns 71,969 shares in the company, valued at approximately $7,836,704.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other CBRE Group news, CFO Emma E. Giamartino sold 3,311 shares of CBRE Group stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $360,534.79. Following the sale, the chief financial officer now directly owns 71,969 shares in the company, valued at approximately $7,836,704.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Vikramaditya Kohli sold 1,074 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $108.89, for a total value of $116,947.86. Following the completion of the transaction, the chief operating officer now directly owns 69,226 shares in the company, valued at $7,538,019.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,232 shares of company stock worth $3,058,787. 0.54% of the stock is currently owned by company insiders.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.